Federated Investors Inc. PA increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 3.9% during the 1st quarter, Holdings Channel reports. The firm owned 9,721 shares of the technology company’s stock after buying an additional 367 shares during the period. Federated Investors Inc. PA’s holdings in Littelfuse were worth $2,024,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of Littelfuse by 3.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,829 shares of the technology company’s stock worth $1,350,000 after purchasing an additional 243 shares during the last quarter. Zeke Capital Advisors LLC grew its stake in shares of Littelfuse by 23.1% in the first quarter. Zeke Capital Advisors LLC now owns 1,310 shares of the technology company’s stock worth $273,000 after purchasing an additional 246 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Littelfuse by 10.7% in the fourth quarter. Profund Advisors LLC now owns 2,617 shares of the technology company’s stock worth $518,000 after purchasing an additional 252 shares during the last quarter. Advantus Capital Management Inc grew its stake in shares of Littelfuse by 9.2% in the first quarter. Advantus Capital Management Inc now owns 3,054 shares of the technology company’s stock worth $636,000 after purchasing an additional 257 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Littelfuse by 47.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the technology company’s stock worth $263,000 after purchasing an additional 430 shares during the last quarter. 98.63% of the stock is currently owned by institutional investors.
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In other news, SVP Deepak Nayar sold 7,047 shares of Littelfuse stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $209.05, for a total transaction of $1,473,175.35. Following the completion of the transaction, the senior vice president now directly owns 7,881 shares in the company, valued at $1,647,523.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ryan K. Stafford sold 8,027 shares of Littelfuse stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $223.36, for a total transaction of $1,792,910.72. The disclosure for this sale can be found here. Insiders have sold 38,729 shares of company stock valued at $8,477,254 over the last quarter. Company insiders own 3.80% of the company’s stock.
LFUS has been the subject of several research analyst reports. BidaskClub upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, May 18th. ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Barrington Research restated a “hold” rating on shares of Littelfuse in a report on Tuesday, May 1st. Finally, Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $236.00 price objective for the company in a report on Thursday, April 19th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $212.75.
Shares of LFUS opened at $226.24 on Friday. The company has a quick ratio of 2.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.52. Littelfuse, Inc. has a one year low of $157.91 and a one year high of $227.35. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 1.95 and a beta of 1.03.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, May 2nd. The technology company reported $2.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.58. Littelfuse had a net margin of 8.62% and a return on equity of 18.83%. The business had revenue of $417.81 million during the quarter, compared to analyst estimates of $391.22 million. During the same period last year, the business posted $1.69 earnings per share. Littelfuse’s quarterly revenue was up 46.4% compared to the same quarter last year. sell-side analysts predict that Littelfuse, Inc. will post 9.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 0.65%. Littelfuse’s payout ratio is 19.12%.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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